Reading Time: 2 minutes MarketsFarm — Feed grain markets in Western Canada are facing some uncertainty amid tight domestic supplies and reports of transportation issues bringing up corn from the United States. “It’s very strange,” said Susanne Leclerc of MarketMaster Ltd. in Alberta. “You see stories like that (reporting on feedlots running low on grain), then you talk to […] Read more
Feed weekly outlook: Markets facing uncertainty
U.S. grains: Soybeans hit seven-month high on supply worries
Firm U.S. dollar sinks wheat; corn down
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rallied to a seven-month high on Thursday on concerns about a smaller South American harvest, which could shift more global demand to the United States. Wheat slumped for a second straight session on a stronger dollar and slightly reduced fears that Russia would invade Ukraine and potentially disrupt […] Read more
ICE weekly outlook: Canola in stratosphere as old-, new-crop gaps narrows
Reading Time: 2 minutes MarketsFarm — With so many influences affecting ICE Futures canola, one trader said it’s hard to figure just where the Canadian oilseed will go. Another trader, however, said the days of canola fetching more than $1,000 per tonne for an extended period of time are pretty much over. “It’s probably the craziest period we ever […] Read more
CBOT weekly outlook: Potential for conflict, interest rate hikes affects prices
Reading Time: 2 minutes MarketsFarm — The ongoing standoff between Russia and the West over Ukraine, along with speculation regarding key interest rates from the U.S. Federal Reserve, were two major factors on the Chicago Board of Trade (CBOT) during the week ended Wednesday. The potential for a possible Russian invasion of Ukraine had caused a sharp hike in […] Read more
U.S. grains: Soybeans reach seven-month peak
Oil strength, South American crop worries lift soy; CBOT corn up, wheat down
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices. Concerns about a reduced South American harvest and exports from top soy supplier Brazil offered further support, with strength spilling over into corn […] Read more
Pulse weekly outlook: Early signs point to larger Canadian crops
Reading Time: < 1 minute MarketsFarm — Early signs point to a sizeable increase in Canadian pulse production in 2022-23, but co-operative weather will be needed to meet those expectations. Strong returns over the past year relative to other crops should encourage farmers to seed more peas and lentils in 2022, according to the first outlook for the new crop […] Read more
U.S. grains: CBOT wheat nears two-month peak on Ukraine crisis
Corn hits June high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures approached a two-month high on Tuesday as fears of Russian military action in Ukraine made traders nervous about a potential disruption to supplies from the Black Sea exporters. Tensions remained high after NATO said on Monday it was putting forces on standby and reinforcing Eastern […] Read more
U.S. grains: Wheat futures rise on fears over Russia-Ukraine conflict
CBOT corn reaches seven-month high; South America rains weigh on soy futures
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures advanced on Monday amid fears that Russia may invade Ukraine and disrupt grain shipments from the region, a major global supplier, traders said. Corn futures also strengthened and set a seven-month high, while soybean futures weakened. Grain traders kept their attention on Russia because it is the world’s […] Read more
Vaccine mandate to lead to inflation, empty shelves, trucking executives say
Parallel mandate for U.S. entry starts Saturday
Reading Time: 3 minutes Ottawa | Reuters — Canadian consumers should soon see higher prices and some empty shelves in supermarkets and other retail outlets because of disruptions stemming from a COVID-19 vaccine mandate for cross-border truckers, top trucking executives warned this week. The mandate, imposed by Ottawa to help curb the spread of the virus, has cost six […] Read more
U.S. grains: Soybeans rally, corn flat, wheat falls
Strong cash soybean market supportive
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures surged on Thursday as a combination of rising export hopes, concerns about the South American crop and technical buying pushed prices to a seven-month high, traders said. Corn futures ended close to unchanged after fluctuating between positive and negative territory throughout the session, while wheat […] Read more
A message from April Stewart, Country Guide's Associate Editor
